Alphabet (GOOG) Shares Dip, Testing 52-Week Low in Volatile Session
April 4th, 2024 – Shares of tech giant Alphabet Inc Class C (NASDAQ: GOOG) experienced volatility and downward pressure during today’s trading. As of 3:21 pm GMT-4, the stock was trading at 149.61 USD.
This price represents a decline of 3.02 points, or 1.98%, for the day. The decrease pushed the stock below its previous closing price of 152.63 USD.
Alphabet opened the trading day at 149.90 USD. The session saw significant swings, with the stock reaching an intraday high of 153.09 USD early on. However, selling pressure emerged, driving the shares down to a low of 148.20 USD, a level that matches the stock’s established 52-week low.
The intraday chart illustrates a choppy trading pattern, featuring an early peak above 153 USD, followed by sharp declines and recoveries, with the price dipping below 149 USD before showing a slight rebound towards the reporting time.
While testing its yearly low, the stock remains significantly below its 52-week high of 208.70 USD.
Other key financial metrics noted include a Price-to-Earnings (P/E) ratio of 19.36 and a dividend yield of 0.54%. Market participants are closely observing GOOG’s price action amid the volatile market conditions.
